1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Anybody a successful scalper?

Discussion in 'General Forex Talk' started by David-lee, Sep 12, 2011.

  1. nahiyar

    nahiyar Private, 1st Class

    Joined:
    Jul 30, 2011
    Messages:
    709
    Likes Received:
    37
    In scalping we have to do fast trading and close positions in less than one minute. I made profits in scaping but it is not my permanent style of trading . Very few I do this practice. Scalping is suitable in volatile market , we need to be quick mind too.
     
  2. Whitesnake

    Whitesnake Corporal

    Joined:
    May 9, 2013
    Messages:
    428
    Likes Received:
    30
    Scalping is simple terms is to open and close the position for the quickest profits that can be made within short duration of time. And most of the times trades use high leverage to make quick profits. If scalping needs to be the kind of trading strategy then proper account management is critical.
     
  3. EURUSD

    EURUSD Sergeant Major

    Joined:
    Mar 3, 2015
    Messages:
    1,133
    Likes Received:
    48
    Yes, scalping method is method in trading which is trying to gain few pips of profit quickly and usually scalping will try to gain profits with winning many times in whole transactions. Some traders tried to use high lot size with scalping because they hoped to gain big amount of profits in short time with targeting few pips in profit but they didn't realize if few pips could cause big losses too if you used huge lot size. So, anyone can be successful with scalping method if he used proper money management in trading.
     
  4. Whitesnake

    Whitesnake Corporal

    Joined:
    May 9, 2013
    Messages:
    428
    Likes Received:
    30
    I participate in a broker who has one day competition and in that contest account i have been trying to win through the scalping technique which has been very difficult for me all these years. And implementing this technique on real account looks scary for me. :(
     
  5. EURUSD

    EURUSD Sergeant Major

    Joined:
    Mar 3, 2015
    Messages:
    1,133
    Likes Received:
    48
    I didn't know if there is broker which held one day competition/contest. It will be good as trial and error of your technique with taking part in that contest especially if the contest is using demo account, it will be no risk at all but you can compare your capability with another traders to prove that your strategy and money management is more effective than another. But if the contest is held in a day, there are some traders who won the competition based on luck only.
     
  6. nahiyar

    nahiyar Private, 1st Class

    Joined:
    Jul 30, 2011
    Messages:
    709
    Likes Received:
    37
    I do trading with scalping some times, it is profitable too but I do not continue for a long time because scalping is highly risky . I normally trade in smooth market , here my tension is less than scalping.
     
  7. Whitesnake

    Whitesnake Corporal

    Joined:
    May 9, 2013
    Messages:
    428
    Likes Received:
    30
    When we are scalping there is certainly involvement of huge lot size which only contributes to the additional trading pressure. Thus, i try to avoid scalping to tame the gambler inside me.
     
  8. EURUSD

    EURUSD Sergeant Major

    Joined:
    Mar 3, 2015
    Messages:
    1,133
    Likes Received:
    48
    It will be too risky when you're using huge lot size but it is not too risky when you used normal lot size and you're not only following your emotion in trading. It's not easy to control it especially when the market is moving in high volatility so it will be harder than smooth market. But if you can control emotion well then it is not gambling anymore.
     
  9. ForexVerified

    ForexVerified Private, 1st Class

    Joined:
    Feb 28, 2011
    Messages:
    582
    Likes Received:
    40
    Scalping is difficult and stressful. Also you must restrain your emotions when a trade goes against you and close when your system tells you to. You should never let a losing trade wipe out all your gains.
    There are many EAs that scalp for you; however, they require very good trading conditions (mainly low spreads and minimal slippage).
     
  10. Albert Dcosta

    Albert Dcosta Private, 1st Class

    Joined:
    Aug 27, 2015
    Messages:
    40
    Likes Received:
    9
    Yes this is a fact that doing the trades with the Scalping technique can be very much difficult and especially if you are not having prior trading experiences in the field :)
     
    ForexVerified likes this.

Share This Page